10 Jun 2024
by Jim Rose
in comparative institutional analysis, development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, growth miracles, income redistribution, law and economics, Public Choice, rentseeking
Tags: economics of corruption, India
In India it’s common for politicians to have criminal cases against them. Why do voters vote for criminals? One compelling explanation provided by political scientist Milan Vaishnav is that voters often care less about their represntative’s ability to deliver broad-based development or draft good laws, and more about the effectiveness at helping them access limited […]
Haan, goonda hai, magar hamara goonda hai
09 Jun 2024
by Jim Rose
in applied price theory, econometerics, economics of crime, economics of education, labour economics, law and economics, occupational choice
Tags: cognitive psychology, crime and punishment, criminal deterrence, law and order
Gary Becker’s famous model of rational crime suggests that criminals weigh up the costs and benefits of crime (and engage in a criminal act if the benefits outweigh the costs). Time preferences matter in this model, because the benefits of a criminal act are usually realised immediately, whereas the greatest costs (including the penalties of…
More impatient people are more likely to commit crime
07 Jun 2024
by Jim Rose
in defence economics, discrimination, economics of education, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand
Tags: Age of Enlightenment, free speech, political correctness, racial discrimination, regressive left
The following letter to the Gisborne Herald appears under the title above and the name of Eddie Tuhaka: Rawiri Waititi’s divisive comments and behaviour against the present Government, calling them a white/Pākehā Government, is racist and unacceptable. He and the rest of them did not complain when they all got their pay increase from the…
Divisive rhetoric chips away at communities
06 Jun 2024
by Jim Rose
in applied price theory, global financial crisis (GFC), great recession, industrial organisation, law and economics, macroeconomics, monetary economics, politics - New Zealand
Tags: competition law
When it comes to the question of how best to avoid a banking collapse and multi-billion dollar bailout that can drag a whole nation into depression, the best solution, according to Chicago-Stanford economist, John Cochrane, is to require banks to set aside a fraction of their own funds as reserves to cover losses they may…
Caught out! The NZ Initiative’s Article in the Herald Blaming the RBNZ for our Rip-Off Big Banks is Contradicted by its Own Expert Witness. (Willis Beware).
03 Jun 2024
by Jim Rose
in discrimination, economics of education, gender, labour economics, labour supply, law and economics, liberalism, Marxist economics, politics - USA, property rights, television, TV shows
Tags: Age of Enlightenment, free speech, Gaza Strip, gender wage gap, Iran, Middle-East politics, political correctness, regressive left, sex discrimination
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